MA Property Mgr. Denies Pension Wrongdoing

>The 64-year-old Buscone is the defendant in a
suit by the US Department of Labor (DoL), which claims
Buscone violated the Employee Retirement Income Security
Act (ERISA) by miscalculating the pension benefits owed to
his employees, according to the Milford Daily News

>During a telephone interview with the newspaper,
Buscone said Amandolare’s firing was due to her poor
performance, not her complaints about the pension plan. The
pension program was established in 1998 and continues to
cover about 10 employees today. “The key is that this thing
is totally funded by me,” said Buscone, adding that the
company’s pension fund has about $1 million in reserves. “I
didn’t have to go back five years, I didn’t have to go back
zero years. I did this because I was trying to protect my
employees.”